Monday, 22 December 2014
Last updated 3 min ago
Oct 24 2008 | 10:06am ET
Activists have not been immune to the drubbing hedge funds have taken in recent month, and Jana Partners is no exception.
The New York-based firm has done better than many hedge funds, but has still been battered by the collapse in oil prices, Bloomberg News reports. Barring a major turnaround, the firm, headed by Barry Rosenstein, is facing its first-ever down year since its founding in 2001.
The firm’s $4 billion flagship, the Jana Master Fund, is down 14.7% this year, according to Bloomberg. The fund’s investors are used to the other kind of double-digit return; Jana Master had posted an annualized return of 20.9% prior to this year.
Two other Jana funds have not fared as badly, but still find themselves in the red. Jana Nirvana is down 8.9% through Sept. 30, and Jana Piranha is down 3.1%.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.